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This article examines the reasons for the 360-year longevity of the Ipswich (Mass.) Grammar School trust, which was in force from 1652 to 2012, the longest-running charitable trust in American history. It concludes that the cornerstone of the trust’s longevity was the emphasis of its major...
Persistent link: https://www.econbiz.de/10014144758
This Article provides an overview of the draft revision of Uniform Probate Code section 2-108, which was necessary to recognize inheritance rights of posthumously conceived children. The author discusses the challenges encountered in completing the revision
Persistent link: https://www.econbiz.de/10014065288
This Article examines the grant of standing to settlors (or grantors) of charitable trusts by section 405(C) of the Uniform Trust Code. The Article argues that grantors should have standing to enforce express, individualized contractual arrangements with the charity that accompanies the gift,...
Persistent link: https://www.econbiz.de/10014065289
In this article, Professor Chester reviews the state, federal, and private means by which abuses committed by principals in charitable trusts and corporations are policed. He also reviews recent state and federal reform legislation, most of which has been put on hold and therefore not enacted....
Persistent link: https://www.econbiz.de/10012755576